Terry Gou, chairman of Foxconn, the largest contract assembler of consumer electronics for companies such as Apple, said Friday he was stepping down amid speculation he could be planning a presidential run next year.

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Terry Gou, head of the world's largest contract assembler of consumer electronics, stepped closer to running for president of Taiwan on Monday by announcing that he would not accept a vice presidential slot on the ticket of the opposition Nationalist Party.

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Foxconn Technology Group is moving forward with its plan to build a massive factory in Wisconsin and President Donald Trump has promised to visit when production starts next year, the top official at the Taiwanese company told reporters following a meeting at the White House.

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Gov. Tony Evers and Foxconn Technology Group officials are talking about making changes to a contract signed in 2017, when everyone involved though the company would be building display-screen factory that would be bigger than the one now proposed.

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Terry Gou, chairman of the world's largest contract assembler of consumer electronics, including Apple's iPhones, said Wednesday he intends to run for president of Taiwan, bringing his pro-business and China-friendly policies to what is expected to be a crowded field for next year's election.

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The head of Foxconn Technology Group is planning to step away from day-to-day operations at the world's largest electronics provider and said Tuesday that he is mulling a run for president of Taiwan.

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Foxconn Technology Group said Friday that, after speaking directly to President Donald Trump, it is now proceeding with plans to build a plant in Wisconsin to make liquid-crystal-display screens that can be used for small electronic devices.

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Foxconn Technology Group on Tuesday has named 37 contractors who will be building the first structure at the company's manufacturing site in Mount Pleasant.

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The CEO of Taiwan's Foxconn, which assembles Apple iPhones and other products for tech companies, said on Wednesday that Washington's dispute with China is about technology rather than trade.

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